Eastone Century Technology (300310.SZ) plans to invest 430 million yuan to build the first phase of the Gongcheng Yaochu 200MW/400MWh independent shared energy storage station project.

Eastone Century Technology (300310.SZ) announced that Yaochu (Gongcheng) Energy Storage Technology Co., Ltd., a subsidiary of its wholly-owned subsidiary Guangdong Zhongyiding New Energy Technology Co., Ltd. ("Zhongyiding"), plans to invest in the construction of the "Gongcheng Yaochu 200MW/400MWh Independent Shared Energy Storage Station Phase I Project." The total planned investment for the project is approximately RMB 430 million. This outbound investment is an important measure for the company to implement its new energy business development. Upon completion of the project, it will help the company enter the independent energy storage sector, optimize its industrial layout, expand business development space, and enhance its core competitiveness.